MAHB's Consortium Wins Bid To Manage Istanbul's Second Airport

KUALA LUMPUR, July 10 (Bernama) -- The consortium in which Malaysia Airports Holdings Bhd (MAHB) is a part of has won the bid to manage the Sabiha Gokcen International Airport, Istanbul's second airport.Led by the Limak Group of Turkey with the other member being GMR Infrastructure Limited of India, the consortium's bid is valued at euro 1.932 billion (RM9.084 billion).The group beat four other international airport operators, MAHB said in a press release here today.The consortium offered the highest bid which is the concession fee for the period of 20 years. No concession fees are payable in the first three years.MAHB said that it would take up a minimum stake of 20 percent in the joint venture company.The scope of the tender includes taking over the operations, maintenance and revenues of the international and domestic terminals of Sabiha Gokcen International Airport and all their related buildings/equipments and ground handling, fuel supply and bonded warehousing operations in the airport.The project also involves the construction of a new international terminal with 10 million capacity in thirty months while the current international terminal will be converted to an all domestic terminal.Limak is an established engineering and construction company in Turkey while GMR is MAHB's joint venture partner in operating the Hyderabad International Airport.